Providing access to the global financial community with a range of low cost, carbon neutral connectivity and hosting capabilities
Verne Global, a global developer at the forefront of data center infrastructure design, today announced the availability of a range of BT Radianz connectivity and hosting services at its innovative data center in Iceland.
The move offers BT’s global financial services customers more choice in the selection of predictable, low-cost, highly efficient data centers to house and connect their applications and services. It also allows BT’s financial markets customers to join a growing ecosystem of participants already located in the Verne Global data center.
BT Radianz Services are designed specifically for the global financial markets. They include connectivity and hosting services between and within global trading venues. The BT Radianz Cloud platform supports the world’s largest secure networked financial community offering access to thousands of applications and services from more than 400 providers.
Strategically located between key North American and European financial centres, the Verne Global data center will provide members of the Radianz Cloud community with an additional choice of secure compute location. It adds to an existing global footprint of more than 20 data centres that offer BT Radianz services.
Iceland is unique in its abundance of low cost geothermal and hydro-electric energy sources complemented with year-round free cooling. This allows Verne Global to present a compelling and sustainable solution for financial services firms looking to reduce costs and carbon emissions, particularly for power-hungry technologies such as high performance computing (HPC) and grid applications.
Stef Weegels, Director of Business Development at Verne Global commented, “We are pleased to expand our financial services capabilities with the addition of BT Radianz Services, which offer a key industry network and a range of connectivity and hosting solutions.” He added, “With the right connectivity, compute and infrastructure resources in place, firms located at the Verne Global data center are able to use technology in ever more innovative, valuable and cost effective ways.”
Michael Woodman, Head of Radianz, BT, commented, "Adding Verne Global’s Icelandic venue to our portfolio of more than 20 global data centers provides BT customers with a new breed of connectivity and hosting opportunities where power and cost efficiencies help our customers to optimise their operations at an application level.” He adds, “This agreement continues to reinforce our reputation as a creator of innovative capabilities, specifically developed for the financial services industry.”
The addition of the Verne Global data center to the Radianz footprint is part of BT’s ‘Cloud of Clouds’ portfolio strategy aimed at helping large organisations connect easily and securely to the applications and data they need, regardless of where they are hosted and where they are based.
BT also offers connectivity to Verne Global’s data center from:
- BT IP Connect Global: BT’s IP VPN MPLS platform that connects global enterprises in a fast and efficient way to help unlock full business potential;
- BT Ethernet Connect Global: flexible and adaptive, high-performance Ethernet Wide Area Network (WAN) service connecting sites around the globe.
Iceland was voted the world’s safest location for a data center, obtaining 1st place (lowest risk) out of 37 nations in the 2016 Data Center Risk Index, published by Cushman & Wakefield. This report takes into account ten variables including energy cost, connectivity, ease of doing business, level of corporate tax and political stability.
Independent global technology advisory firm, Citihub Consulting, recently published a whitepaper on Iceland as a strategic data center location for financial services firms. It is Citihub Consulting’s belief that Iceland should feature highly in location strategy discussions.
Verne Global owns and operates a 44-acre data center campus near Keflavik, Iceland and is addressing two key issues facing today’s data revolution - power pricing and availability. Verne Global provides highly-optimised, secure, flexible, scalable and 100% renewably-powered data center solutions offering forward thinking organisations significant and long-term cost savings.
BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Global Services, Business and Public Sector, Consumer, EE, Wholesale and Ventures, and Openreach.
For the year ended 31 March 2016 (Note 1), BT Group’s reported revenue was £19,012m with reported profit before taxation of £2,907m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
The results for the period have been revised to reflect the outcome of the investigation into our Italian business. Detail of which is set out in our third quarter results announcement published on 27 January 2017. This financial information is unaudited.